-
Gold holding steady as Bank of Canada leaves rates unchanged
The gold market is holding its ground against the Canadian dollar as the Bank of Canada leaves interest rates unchanged and adopts a neutral, yet cautious, wait-and-see approach to inflation. As expected, Canada's central bank left its overnight rate unchanged at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. At the same time, the BoC struck a relatively positive tone in its outlook for the Canadian economy. “Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Federal Reserve Bank of New York President John Williams said interest rates are "well positioned" even as demand driven by artificial intelligence puts upward pressure on inflation. "I am confident that these investments will support strong productivity growth in coming years. But, right now, we're in a race between available supply and surging demand," ...
From dw.com | Jul 16, 2026
In recent years, the price of gold has climbed steadily. Aside from the current market blip (see chart below), an upward trend has been going for years. Since 2020, the price of gold has risen from $1,585 per ounce to more than $4,500 per ounce. Money should not lose value through inflation. Ideally, it should grow on its own because of interest. But such ...
Gold prices fell on Thursday as the escalating Middle East conflict showed no signs of abating, erasing recent optimism over easing inflation and fuelling concerns that surging oil prices could lead to interest rate hikes. Spot gold was down 0.6% at $4,034.42 per ounce by 0349 GMT. US gold futures for August delivery lost 0.3% to $4,039.90. “Gold is ...
